Most Recent World News

Durban welcomes global guests at Travel Indaba

Africa’s premier travel trade show, Travel Indaba, has kicked off in Durban, South Africa. South African Deputy Minister of Tourism, Fish Mahlalela, said that despite the COVID-19 setbacks, tourism has.

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Zimbabwe to Launch Measures to Protect Currency – President

President Emmerson Mnangagwa of Zimbabwe has stated that the government would take steps to slow the fast depreciation of the local currency. In the state-run Sunday Mail’s editorial section, Mnangagwa.

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OPEC to Fund Feasibility Study of $25bn Nigeria-Morocco Gas Pipeline

The Organisation of Petroleum Exporting Countries (OPEC) Fund has announced a $14.3 million contribution to Phase II of the feasibility study for the $25 billion Nigeria-Morocco Gas Pipeline. According to.

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Kenyan President hikes country’s minimum wage by 12%

Kenyan President, Uhuru Kenyatta, said his government would immediately hike the country’s minimum wage by 12% on Sunday to help workers cope with a surge in consumer prices, driven in.

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Central African Republic Adopts Bitcoin as Legal Tender

The Central African Republic, CAR, has adopted Bitcoin as the official currency, alongside the CFA Franc, which it currently uses, and legalised the use of cryptocurrency in the country, becoming.

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Kenya to receive $244m budget support from IMF

The International Monetary Fund, IMF, plans to release $244 million to Kenya to finance its budget “in the coming weeks” after its staff expressed their satisfaction with Nairobi’s economic reforms.

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Orange’s quarterly sales boosted by Africa and Middle East

Orange, France’s biggest telecoms operator, said high growth in its Africa and the Middle East operations offset declines in revenue in its home market and Spain in the first quarter..

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Kenya moves to reduce interest on foreign debt

Kenya is reviewing the currency composition of its external debt to reduce currency volatility which has seen the cost of its dollar-denominated loans increase by two per cent in four.

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Italy inks gas supply deals in Angola and Congo-Brazzaville

The Italian government has rapidly finalised its latest deals to secure fresh gas supplies from Africa, which is intended to help replace gas currently piped from Russia. Earlier this month,.

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China committed to joining Zambia creditor committee – IMF’s Chief

China has committed to joining Zambia’s creditor committee, International Monetary Fund managing director, Kristalina Georgieva, said on Thursday, amid complaints from Zambia’s finance minister about delays to its debt restructuring..

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